Nearwater Capital has appointed Gary Barnett and John Willian as non-executive directors of Nearwater Capital Markets, the firm’s new security-based swap dealer (SBSD).
Nearwater Capital has appointed Gary Barnett and John Willian as non-executive directors of Nearwater Capital Markets, the firm’s new security-based swap dealer (SBSD).
Following the appointment, the board will be comprised of five directors, three of whom are independent or non-executive directors, including Chairperson Davina Saint, a senior banking executive and independent director based in Ireland.
Barnett has an extensive background in swap dealer and security-based swap dealer policy, regulation and oversight. He was appointed by the Honorable Gary Gensler to the Commodity Futures Trading Commission (CFTC) in 2011 as the first Director of the CFTC’s Division of Swap Dealer and Intermediary Oversight (now the Market Participants Division). In 2015, Barnett left the CFTC to join the Securities and Exchange Commission (SEC) as Deputy Director of the Division of Trading and Markets.
Willian is a former Partner of Goldman Sachs, having spent over 28 years in a variety of senior sales, trading and capital markets related roles.
Goldman Sachs, his responsibilities included serving as Global Head of Prime Services within Global Securities Services, and running Goldman Sachs Electronic Trading and Futures Businesses, Municipal Sales and Trading, and Goldman’s Global Money Markets businesses. Prior to his retirement, Willian was Goldman’s Global Head of Fixed Income Sales.
